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Malaysia's wholesale, retail sales up 12.4 pct in January

KUALA LUMPUR
2023-03-13 15:18

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KUALA LUMPUR, March 13 (Xinhua) -- Malaysia's wholesale and retail sales grew 12.4 percent year on year to 135.1 billion ringgit (30.1 billion U.S. dollars) in January, official data showed Monday.

The Department of Statistics Malaysia (DOSM) said in a statement the growth was attributed to the retail trade sub-sector which recorded an increase of 21.7 percent to 59.6 billion ringgit.

Meanwhile, the sales of motor vehicles expanded 20.1 percent to 15.2 billion ringgit.

Wholesale trade, on the other hand, went up 3.1 percent to 60.4 billion ringgit.

However, for month-on-month comparison, the data showed the sales value of wholesale and retail trade declined by 1.6 percent, as the motor vehicles sub-sector decreased by 13.4 percent in sales value. (1 ringgit equals 0.22 U.S. dollar).
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